The Department enjoyed a particularly active social life last
year. After languishing for a few years, the Graduate Economics
Union (GEU) rose to life again under the leadership of Sonia
Laszlo and Eric Santor with the help of a particularly active
and sociable MA class led by Andre Baril and Rob Gray. The GEU
organized a number of events, including a regular
Friday-afternoon coffee hour for students and faculty, several
movie/pizza nights throughout the year, a Christmas dinner, and a
graduation dinner for the MA class. The graduation dinner
attracted more than 70 people, including many faculty members and
their partners. The conversation was excellent, the complaints
about the academic year just passed were muted, and the number of
kind words said about our MA program was both unexpected
and extremely gratifying. Pictures of some well-dressed and
very happy students taken that evening are available on our web
site. Walid Hejazi put together a mailing list of PhD graduates
and organized an informal evening that took place during the AEA
meetings held in early January 1999. About 30 alumni and
faculty spent the evening together in New York, chatting about
old times. The evening was enough of a success that there was talk
of doing it again soon. The CEA meetings in Toronto this year provided
a second opportunity to get together with former students and colleagues.
The new allumni association will provide many more.

Over the summer, we plan to introduce an alumni discussion area
on our Graduate web site. You'll be able to register yourself so that
you can post and receive information. We will post information that we
receive about job openings as well as announcements about alumni events.
We hope that our alumni will pass along information about job
opportunities (remember how valuable this would have been when you where
graduating), as well as personal notes about what you've been up doing
since graduation. We hope that you will take advantage of this opportunity
to keep in touch.

Gerry Helleiner

Gerry has been teaching here since 1965 after having done
undergraduate work here and a Ph.D at Yale University. He has an
extensive international reputation as an authority on trade and
development and has organized and served a number of
international research organizations. He is the author of five
books and editor of seven, a contributor of nearly forty
articles to professional journals and a Fellow of the Royal
Society of Canada. Gerry holds the record for the largest
number of Ph.D theses supervised in the Department of Economics
during his tenure---a career total of 24, not to mention the
Ph.D. students from the Department of Political Science and from
several African Universities on whose committees he also served.
A profile on Gerry appeared the Winter 1998 issue of this Newsletter.
See also the story below on the recent Conference in his honour.

Sam Hollander

Sam joined the faculty here in 1963 and since that time has
published seven major books on the classical economists, notably
Adam Smith, David Ricardo, John Stuart Mill and T.R. Malthus, as
well as over one hundred articles on the history of economic
thought. This has earned him a major international reputation in
the field, an appointment to a University Professorship here at the
University of Toronto, election as Fellow of the Royal
Society of Canada, and just this year, appointment as an Officer
of the Order of Canada.

David Nowlan

David began teaching here in 1965 after having received his Ph.D
from this Department. He did his undergraduate work at Queen's
University and received a Rhodes Scholarship to Oxford in 1958.
David has contributed in a major way to the administration of the
University, serving as Vice Dean in the School of Graduate
Studies, as Registrar of the University and, for many years, as
Vice President, Research. He has also done research on the
financing of universities although his major research focus has
been on urban land, transportation, and tax problems. David has
recently played an important role in the organization and
administration of our undergraduate programs.

Ken Rea

Following undergraduate and graduate work at the University of Saskatchewan
and a Ph.D at the London School of Economics, Ken taught for ten
years at the University of Saskatchewan before joining the Department
in 1968. Ken has written two books on the political economy of the
Canadian Northern Territories and one on the economic history of
Ontario as well as several pedagogical works on basic economics for
students. He has also edited a number of books of readings. More
recently, Ken has made his mark as a pioneer in the development of
on-line course material and has just launched the first internet course
given by this Department. He continues this work in his retirement.

Larry Smith

Larry was a Commerce and Finance graduate here in 1962 and then joined
the faculty in 1966 after completing his Ph.D. at Harvard University.
He is widely known for his contributions to the economics of land,
real estate and housing, having written several books and dozens of
articles on the subject. Larry has also taken an active role in
administration, serving on numerous University committees and a four
year term as Director of Economics and Associate Chairman of the
Department of Political Economy.

David Stager

David did undergraduate work in agricultural economics and, following
a Rhodes Scholarship to Oxford University and a Ph.D from Princeton
University, joined the Department in 1964. In addition to a successful
first-year textbook, which is now in its seventh edition, he has
written extensively on the economics of education and is one of the
foremost experts in the country on the financing of higher education.
He has also made administrative contributions as Associate Chair of
the Department and Dean of Students at
New College.

Joanne Roberts

Joanne, an Ontario native, is a Ph.D from Queens University whose
interest range from theoretical to applied work. The focus of her
research is applied microeconomic theory extending into law and
economics, banking and industrial organization.

Matthew Shum

Matthew has just received his Ph.D from Stanford University. Originally
from Texas, he specializes in industrial organization, econometrics and
microeconomic theory and is currently working on the econometric
estimation of auction models.

Nadia Soboleva

Nadia is from Bishkek, capital of Kyrgyztan in the former Soviet Union.
She joins us with a Ph.D from Yale University after previously obtaining
an M.A. in Development Economics from Williams College and an Honours
Degree in Applied Mathematics from Kyrgyz State University. Nadia's
specialties are international Trade and industrial organization. Her
current research is in the area of foreign direct investment and trade policy.

Conference in Honour of the Late Doug Hartle

On November 13, 1998 the Institute for Policy Analysis sponsored
a conference in honour of the late Douglas Hartle. Doug was one
of the founders of the Institute, along with John Bossons and Tom
Wilson, and was its director for a number of years.

The theme of the conference, which was held at the Rotman School of
Management, was "Rationality in Public Policy: Retrospect and
Prospect". There were
three sessions, titled respectively Taxation, Expenditure, and
Regulation. The sessions were chaired by David Dodge, Albert
Breton, and Don Dewees. Papers were presented by Richard Bird and
Tom Wilson, Rod Dobell, Bruce Doern, Clark Leith, Jack Mintz,
Sylvia Ostry and William Stanbury, Sharon Sutherland, Michael
Trebilcock, and Stanley Winer and Walter Hettich. They
will be published by the Canadian Tax Foundation in a volume
edited by Richard Bird, Michael Trebilcock, and Tom Wilson.
At a reception the evening before the conference Albert Breton
gave the keynote address on "Cooperative and Competitive
Federalism".

You can contribute to the fellowship in honor of Doug using the
donation
form.

Conference in Honour of Gerry Helleiner

On October 23, 1998 a conference was held to honour Gerry Helleiner,
who retired this year. The conference title was "Economics as if
Developing Countries Mattered". Six of the seven papers were
given by Gerry's former Ph.D students---Dane Rowlands, Ekhard Siggel,
Ellie Perkins, Mario Tello, Havina Dashwood and John Serieux---on
three broad themes spanning his research interests: international
capital flows, development in sub-Saharan Africa, and international
trade. The seventh paper was given by Lance Taylor of the New School
for Social Research, New York on the problem of financial crises in
developing countries. Lance and Gerry have worked together frequently,
most recently in the World Institute for Development Economics Research,
part of the UN University.

Gerry's first student, Roy Culpeper, who is now President of the
North-South Institute in Ottawa, gave a rousing lunchtime address
with the assistance of another former student, Bonnie Campbell, who
now teaches at L'Université de Québec à
Montréal.

A panel discussion, chaired by Terry Sweeney and Rohinton Medhora (also
former students) provided a sometimes humorous account of Gerry's
professional life and accomplishments. Among those participating were
David Beatty (Chairman and CEO of Old Canada Investments), John Gero
(Director General of Trade Policy Bureau II in the Department of Foreign
Affairs and International Trade), David Rosenberg (Vice President and Senior
Economist at Nesbitt Burns) and Hugh Winsor (Globe and Mail). Later
Gerry was presented with a certificate honouring the "Helleiner
Fellowship", a graduate student fellowship made possible by
generous donations from Gerry's former students, colleagues and friends.
You too can contribute to this fellowship using the
donation
form.

The conference proceedings will be published as a special issue of
the Canadian Journal of Development Studies to be
edited by Sue Horton, who organized the event.

Conference in Honour of Sam Hollander

On September 26-28, scholars from Canada, England, Holland,
France, Italy, Spain, Japan, New Zealand and the United States
gathered at the University to honour Sam Hollander. The theme of
the conference, organized by two of Sam's former students, Evelyn
Forget and Sandra Peart was "Reflecting on the Canon". Paul
Samuelson, Nobel Laureate, gave the address at the banquet and
speakers included Richard Arena, William Baumol, Robert Dimand,
Walter Eltis, Anthony Endres, Andre Lapidus, Laurence Moss, Pier
Luigi Porta, Alessandro Roncaglia, Thomas Rymes, Margaret
Schabas, Cristian Schmidt, Anthony Waterman, John Whitaker and
Jeffrey Young and, of course, Sam himself. Eight of Sam's
former graduate students took part in the proceedings. Sessions
examined themes related to the construction of the canon, the
classic texts in economics.

The conference proceedings will be published by Routledge
(London). The events were generously supported by
Baldwin-Wallace College, the University of Manitoba Department of
Economics, Routledge Press, the Social Sciences and Humanities
Research Council of Canada, the University of Toronto Press,the
Provost's Office and the Department of Economics at the
University of Toronto, and York University. The Department of
Economics and the University of Toronto Press have started a
graduate fellowship in honour of Sam to which you can contribute
using the
donation
form.

Reception for Retiring Colleagues

On October 15, 1998 a reception was held at the University
President's home for retiring members of the Department of
Economics. The President, Rob Prichard, was in attendance along
with the Provost, Adel Sedra. Both made speeches congratulating
the retirees on their long service and praising the Department's
efforts at meeting the challenges we face.

Five of the eight retirees were able to attend. Following a
congratulatory speech by the chair, Nancy Gallini, each was
toasted by a colleague and gave a response. Sam Hollander was
toasted by Margaret Schabas of York University, who outlined Sam's
enormous contributions to our understanding the of the ideas of
past great minds, and by Angelo Melino who lightened the occasion
with some well-received humour. Sam responded by expressing the
hope that the workshop in the history of economic thought,
remaining in good hands, will be able to continue its tradition.
Gordon Anderson, toasting Mike Hare, noted that Mike has been a
mainstay of our program at Erindale and has taught over twenty
thousand students in his career at the University. Mike
responded with an exhortation
to maintain the high quality of the Department's unique Bachelor
of Commerce program on the Erindale and St. George campuses. Al
Berry, in his toast to Gerry Helleiner, praised Gerry's work as both a
researcher and institution builder in fostering the economic
development of lower income countries. Gerry responded by urging
us to continue the Department's efforts in the field. Richard
Bird called Dave Nowlan a superb teacher, an excellent
admininstrator, and, above all, a colleague to whom one could
always turn for considered and sound counsel. Dave responded by
acknowledging what a congenial place the University had been in which
to work and by recounting the various contacts and often unusual
adventures he had had over the years with the other retirees.
In toasting David Stager, Dave Foot drew attention to
David's successful first-year text book and his important
research on the financing of education, particularly his work on
income-contingent student loan repayment schemes. Stager
responded by confirming our expectatons---that his research
in the area will continue. Indeed, all the retirees will
continue working on their research and many will also continue in
the classroom on a stipend basis.

Refreshments were supplied by the Department and music by the
keyboard ramblings of Adonis Yatchew, Matthew Shum and John
Floyd.

Scarborough Campus News

Major changes have occurred at Scarborough campus in the past
year. To cater to the type of student it seeks to attract, the
University of Toronto at Scarborough has decided to offer a
new undergraduate commerce program different from what has
been in place in the University for many years, one without the
traditional economics content. Because of these differences,
the new Scarborough offering is called a Bachelor of Business
Administration. The economics offered in that program will
henceforth be called Economics For Management Students and will be taught by
management faculty and others recruited at the Scarborough campus
who will have no graduate teaching role in the Economics
Department.

During this restructuring of the Division of Management at the
College, two young economists accepted jobs in the United States.
Two of the senior faculty have been moved to the Division of Social
Science to teach in the development studies program, and a third continues
administrative responsibilities on the St. George campus.

Erindale Campus News

by Arthur Hosios

Different organizations experience turnover of staff to varying
degrees, and universities are no exception. Over the past year,
a number of faculty in the Department of Economics at Erindale
College have either retired, resigned or taken a leave of
absence. During this same period, however, two new appointments
have been made and additional hiring is expected to take place
over the next few years.

Professor Michael Hare retired last year. Michael was the
Assistant Chair for Economics for many years and a very popular
teacher. He had a tremendous impact on our program and we are
pleased that he has agreed to teach the occasional course at Erindale.
Professor Frank Reid (labour economics and industrial relations) has taken
a five-year administrative leave to be the Director of the Center
for Industrial Relations at the University of Toronto. And
Professor Karen Clay (economic history and industrial
organization) has resigned to take a position at Carnegie-Mellon
University.

We are very excited about our new hires. Mark Stabile joins us
as an assistant professor. He received his Ph.D. in economics
from Columbia University where his primarily research was in the
area of health economics. Robert McMillan will take a position as
an assistant professor at Erindale in the spring of 2000. He
received his Ph.D. in economics from Stanford University and
specializes in the area of empirical public finance. Mark and
Robert complement the faculty at Erindale interested in
microeconomic issues and will likely offer new courses based on
their research interests. Though we are certainly sad to see
colleagues leave, we recognize that turnover is the critical
means of renewing faculty and thereby maintaining a vibrant
undergraduate economics program at Erindale.

Attention All Masters and Ph.D. Alumni

The Department of Economics is pleased to announce the forthcoming creation
of a Graduate Economics Alumni Association. We hope to gather all past
graduates into a larger community to celebrate the friendships formed within
each year's graduating class and to establish new ones between these classes
throughout the years. The goals of this association are to celebrate personal
relationships, create professional connections and promote the many
opportunities available to current and future graduates. To achieve these
objectives, we will establish an up-to-date list of alumni phone numbers and
e-mail addresses, circulate an alumni newsletter and organize events such as
an annual spring festivity. Please look for upcoming postings on an alumni
web page linked to the Department of Economics web site.

Other News

Last year's Polanyi Prize in Economics was awarded to Massimo
Marinacci. Just before this newsletter went to print we learned that
Michael Smart is this year's winner of the prize.

An updated and expanded paperback edition of David Foot's best-selling
book has just been released under the title Boom Bust & Echo
2000.

Jack Mintz has been appointed a member of the board of governors
of the National Tax Association, Washington D.C. The National Tax
Association provides a forum for tax policy debates in the United
States and publishes the National Tax Journal. Jack is also the
new president of the C.D. Howe Institute.

John Munro has been elected to the Scientific Committee of the
Istituto Internazionale Di Storia Economica, in Prato, Italy.

Congratulations to Sam Hollander who has been appointed an Officer of
the Order of Canada.

This year's Malim Harding Visitor was Professor Peter Hall, a
distinguished political scientist from Harvard University.
Many of us were able to enjoy his Public Lecture,"Is Britain
Losing its Social Capital? The Social Capital Problem in European
Perspective" on January 22, 1999.

Social Coordinators Rob Gray and André Baril organized the Graduate Economic
Union's first End-Of-Year Banquet at the Movenpick Restaurant on April 23rd.
All graduate students and faculty were invited to a dinner largely subsidized
by the Department and the Economic Union, and thanks to a turnout of 75 people
having a great time, the event was a huge success!

Congratulations to all of our colleagues who have received research
grants. SSHRC grants were received this year by Mike Baker, Loren Brandt,
Sam Hollander, John Munro, Diego Puga, and Joanne Roberts. Diego and
Joanne, along with Matthew Shum and Nadia Soboleva, also received Connaught
Matching Grants. And Morley Gunderson received the prestigeous Connaught
Research Fellowship in the Social Sciences.

Congratulations to Dan Trefler for being elected fellow of and
Diego Puga and Huw Lloyd-Ellis for being appointed to
the Canadian Institute for Advanced Research.